ArcBest Corporation (ARCB)
| Market Cap | 2.44B |
| Revenue (ttm) | 4.81B |
| Net Income (ttm) | 237.91M |
| Shares Out | 24.03M |
| EPS (ttm) | 9.49 |
| PE Ratio | 10.56 |
| Forward PE | 12.42 |
| Dividend | $0.48 (0.47%) |
| Ex-Dividend Date | Aug 8, 2023 |
| Volume | 15,541 |
| Open | 99.87 |
| Previous Close | 100.26 |
| Day's Range | 99.87 - 102.23 |
| 52-Week Range | 68.00 - 122.86 |
| Beta | 1.59 |
| Analysts | Buy |
| Price Target | 118.78 (+17.04%) |
| Earnings Date | Oct 31, 2023 |
About ARCB
ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in... [Read more]
Financial Performance
In 2022, ArcBest's revenue was $5.32 billion, an increase of 33.77% compared to the previous year's $3.98 billion. Earnings were $298.21 million, an increase of 39.66%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for ARCB stock is "Buy." The 12-month stock price forecast is $118.78, which is an increase of 17.04% from the latest price.
News
ArcBest and the Fort Smith Symphony to Host Free Community Concert Celebrating 100 Years of Business and Musical Excellence
FORT SMITH, Ark.--(BUSINESS WIRE)--Community members are invited to attend a free Fort Smith Symphony concert at ArcBest headquarters on Saturday, October 7.
ArcBest CEO Judy McReynolds on state of freight, supply chain revamp
Judy McReynolds, ArcBest CEO, joins 'Squawk Box' to discuss the state of freight and supply chain, impact on the broader economy, union contract negotiations, and more.
ArcBest Recognized by Forbes as One of America's Best-in-State Employers for 2023
FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest was named a 2023 Forbes America's Best-in-State Employer. ArcBest ranks #3 in Arkansas and #1 in the state for transportation and logistics.
Yellow blames bankruptcy filing on ‘bullying' by Teamsters
Yellow, the Nashville, Tenn.-based trucking company announced late Sunday that it had filed for bankruptcy, and pulled no punches in putting the blame squarely on the Teamsters union, saying the union...
ArcBest Announces Second Quarter 2023 Results
Well-positioned to serve customers in a rapidly changing market Increased focus on efficient and effective operations Second quarter 2023 net income of $40.4 million, or $1.64 per diluted share. Secon...
ArcBest Declares a $0.12/Share Quarterly Dividend
FORT SMITH, Ark. , July 26, 2023 /PRNewswire/ -- The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its ...
ArcBest Announces Its Second Quarter 2023 Earnings Conference Call
FORT SMITH, Ark. , July 10, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB) will announce its second quarter 2023 financial results prior to the opening market on Friday, July 28, 2023.
ABF Freight® Teamsters Contract Fully Ratified
Five-year ABF National Master Freight Agreement with International Brotherhood of Teamsters fully ratified including all regional agreements Final 2 of 27 supplemental agreements passed this week Impl...
ABF Freight® National Master Freight Agreement Ratified
Five-year ABF National Master Freight Agreement with International Brotherhood of Teamsters ratified overwhelmingly, along with 25 of 27 supplemental agreements Two rejected supplements have reached n...
ArcBest: A Best-In-Class Trucking Company
ArcBest Corp. ( ARCB , Financial) celebrates its 100th year of business this year and continues to be an integral part of the U.S. trucking industry, which is one of the most valuable segments to the ...
ArcBest's chief yield officer steps down
Transportation and logistics provider ArcBest said Thursday that Chief Yield Officer Danny Loe has resigned to “explore other opportunities.” Loe informed the company on Monday that his last day would...
ArcBest Announces Promotion of Christopher Adkins as Yield Leader and Departure of Chief Yield Officer Danny Loe
FORT SMITH, Ark. , June 8, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced its Chief Yield Officer Danny Loe has decided to leave the company effecti...
ArcBest defends dynamic pricing strategy
Transportation and logistics provider ArcBest is relying more on transactional freight to keep its network full as demand has cooled. The company recorded shipment growth in both its asset-based and a...
ArcBest Announces First Quarter 2023 Results
Grew Shipments Despite a Softer Market Backdrop Executing on Accelerated Return of Capital to Shareholders Following Recent Sale of FleetNet America First quarter 2023 net income, including discontinu...
ArcBest Recognized for Employing, Developing and Supporting Veterans and the Military-Connected Community
Company honored as a 2023 VETS Indexes 4 Star Employer and recognized for its TMAP program FORT SMITH, Ark. , April 19, 2023 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics...
ArcBest names new CFO
Transportation and logistics provider ArcBest announced Thursday that finance veteran Matt Beasley will take over as chief financial officer on May 14. He will also retain his current role as the comp...
ArcBest Names Experienced Finance Executive Matt Beasley as Next Chief Financial Officer
FORT SMITH, Ark. , April 6, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has named Matt Beasley as its next chief financial officer and treasur...
ArcBest Announces Its First Quarter 2023 Earnings Conference Call
FORT SMITH, Ark. , April 3, 2023 /PRNewswire/ -- ArcBest ® (Nasdaq: ARCB) will announce its first quarter 2023 financial results prior to the opening market on Friday, April 28, 2023.
ArcBest fires top 2 truckload brokerage execs in surprise move
In a surprise move, transportation firm ArcBest Corp. announced on Wednesday a reorganization that included the abrupt departures of the founder and CEO of MoLo Solutions Inc., a 6-year-old truckload ...
ArcBest's Q1 update shows impact of dynamic pricing model
Transportation and logistics provider ArcBest provided a mixed bag of an update to the first quarter Monday ahead of the market open. Tonnage in the company's asset-based unit, which includes less-tha...
ArcBest Rolls Out Technology to Speed Up Freight Loading
Trucking company ArcBest Corp. is expanding its logistics services with new technology allowing warehouse workers to load and unload truck trailers rapidly, addressing one of the biggest pain points f...
ArcBest touts system for loading, unloading trailer in one motion
ArcBest announced Wednesday the launch of warehouse freight movement technology that allows all of the freight on a trailer to be loaded or unloaded at once. The Vaux Freight Movement System incorpora...
ArcBest Launches Revolutionary Freight Movement Technology
Vaux™ freight movement technology transforms intralogistics processes, creating efficiencies that move supply chains forward. FORT SMITH, Ark.
ArcBest trims product offering with $100M sale of FleetNet
Transportation and logistics provider ArcBest announced the sale of FleetNet America after the market closed Tuesday. The unit, which provides emergency roadside and preventive maintenance services, w...
ArcBest® Announces Sale of FleetNet America® and Increased Share Repurchase Program
Cox Automotive, a division of Cox Enterprises, Inc.™, acquires FleetNet America® for $100 million ArcBest's board has increased the company's share repurchase program authorization to $125 million FOR...